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Online shopping surge could lead to holiday delivery delays
U.S. online holiday sales are expected to shatter previous records. Adobe Analytics, which measures sales at 80 of the top 100 U.S. online retailers, predicts a total of $189 billion in online holiday sales, a 33% increase compared to last year.
FedEx’s profit explodes as residential deliveries soar
Raj Subramaniam, president and chief operating officer at FedEx, said the company achieved “the growth that we expected to see over a period of three to five years … in a period of three to five months.”
FedEx to stop making ground deliveries for Amazon
The announcement Wednesday that FedEx would no longer make ground deliveries for Amazon comes two months after the delivery company said it was terminating its air delivery contract with Amazon.
FedEx shares plunge as gloomier forecast sows doubts on economy
The courier has cut its financial outlook just three months after raising it, reflecting an abrupt change in FedEx’s view of the global economy.
FedEx to offer buyouts to U.S. employees as part of cost-cutting plans
The Memphis, Tennessee-based company did not say how many positions it wants to eliminate or from what locations. But its Indianapolis International Airport hub is part of the Express division that will be targeted for the buyouts.
FedEx’s $1.5B investment in Indy will expand capacity, add jobs, strengthen airport finances
The upgrade and expansion of the giant shipper’s 320-acre, 2.5 million-square-foot complex is driven by the need to keep pace with steady growth in e-commerce activity.
Security vendor to terminate 148 jobs at FedEx facility
Andy Frain Services Inc. plans to close its security operations center at the FedEx facility in Indianapolis at the end of September.
FedEx plans $1.5 billion expansion of Indianapolis hub
The project was one of several investments FedEx announced Friday. The company said the projects are all related to recent federal tax reform.
FedEx to give wage increases, bonuses to workers
The speedy package delivery giant is the 14th largest employer in Indiana with about 9,100 full-time workers.
UPS, FedEx handle record holiday surge with minimal delays
Both couriers now have entered the holiday season’s returns cycle, which also promises to be busy.
FedEx plans $385M upgrade for Indy hub, seeks $29.2M tax break
The investment in new equipment would ramp up the speed of sorting and handling at the 2.4 million-square-foot hub, as well as create about 125 full-time jobs and 450 part-time positions.
FedEx, in online pivot, backs away from holiday surcharges
FedEx will skip special charges for most packages shipped during the holiday season this year as it seeks to undercut rival UPS in a fight for a larger share of the millions of items now bought online.
Judge approves $227 million in FedEx driver suit settlements
The settlements bring the total FedEx has paid resolve driver compensation claims to at least $454 million.
Experts see cargo biz increasing at Indy airport
That’s important for Indianapolis International, where cargo represents a significant portion of landing weight. And landing fees that airports charge carriers are weight-based.
Shippers FedEx, UPS expect another record-setting holiday season
FedEx Corp. and United Parcel Service Inc. expect to set another record for packages handled this holiday season, fueled by an estimated 17 percent jump in online spending. Indianapolis is home to FedEx’s second-busiest package hub.
FedEx planning $170 million in improvements at airport hub
According to a tax-abatement application with the city, FedEx plans to install $170 million in new package-sorting equipment, while adding 27 full-time jobs and 178 part-time jobs. It would also retain 728 full-time and about 3,200 part-time workers.
FedEx predicts big increase in holiday shipments
The delivery company predicted Monday that shipments from Black Friday through Christmas Eve will rise 12.4 percent over last year, to 317 million pieces.
FedEx predicts increase in holiday deliveries
FedEx, which operates several facilities in Indianapolis employing thousands of workers, said the peak day is likely to be Dec. 15, when it expects to handle 22.6 million shipments around the world.
FedEx to add 50,000 seasonal jobs as online demand rises
Rival UPS says it will hire up to 95,000 seasonal workers. Both companies are benefiting from growth in online shopping.